ESMART’s Post

As a small business involved in trucking, it's crucial to have the right insurance coverage to protect your assets, employees, and operations.As a small business involved in trucking, it's crucial to have the right insurance coverage to protect your assets, employees, and operations. Bobtail Insurance Purpose: Provides liability coverage when a truck is being operated without a trailer attached, such as when driving back to the depot after dropping off a load.

There are big insurance risks for company-owned and leased vehicle fleets. On fleet programs, employees often take their company cars home or even allow family members to drive them. Accidents that occur during personal time can pose substantial challenges for the company. Some of the key risks with company-owned fleets are: • The company is sometimes held responsible for accidents that occur outside of work when employees are driving the company car for personal reasons • Your business insurance could potentially exclude accidents that occur during personal use of company vehicles • In court, deep-pocket jurisprudence could apply, with damages being billed to the company simply because they can afford it These are some of the compelling reasons to consider a vehicle reimbursement program in addition to a company car fleet. #Fleet #CompanyCars #VehicleReimbursement #Insurance

Since April, seven class action lawsuits have been filed against General Motors, OnStar, and data brokers LexisNexis and Verisk Analytics. The suits have now been consolidated in a Georgia federal court. The suits accuse GM of partnering with data brokers to collect driving data without proper consent using OnStar Smart Driver technology. It’s alleged the information was sold to auto insurance companies, resulting in higher premiums for some drivers.

🚛 "You hire your accidents." In the commercial auto industry, driver hiring is essential to ensuring safety. By aligning safety departments with insurance professionals, we can spot risks early and hire safer drivers. Explore our latest blog to learn how this collaboration strengthens your fleet's safety culture. >> https://bit.ly/4dMGccZ #FleetSafety #CommercialAuto #RiskManagement #Insurance #DriverSafety

📰 We’ve recently shared exciting news about our new partnership with the insurance giant GEICO. Now, it's time to dive deeper into how this collaboration can benefit your trucking business! Discover why Truckers National Insurance has teamed up with GEICO and how its reputation for efficiency and flexibility allows you to enjoy protection for commercial vehicles and small fleets. ⬇️ Read more on how to safeguard your business and assets today! https://lnkd.in/dZKGNpvU #truckinsurance #cargovaninsurance #boxtruckinsurance

Using Proper Steps...... >Absolutely, taking proper steps is crucial when it comes to the trucking industry. Whether you're starting a new trucking business or managing an existing one, careful planning and adherence to regulations are essential for success. Here are some key steps to consider: >Obtain Proper Licensing and Permits: Ensure that you have the necessary licenses and permits to operate legally. This includes obtaining a Commercial >Driver's License (CDL) for yourself and any drivers, as well as obtaining operating authority from the Federal Motor Carrier Safety Administration (FMCSA) and any state-specific permits required. >Secure Insurance Coverage: Trucking operations require various types of insurance coverage, including liability insurance, cargo insurance, and physical damage coverage. Make sure you have the appropriate insurance policies in place to protect your business and assets. >Maintain Compliance with Regulations: Familiarize yourself with and comply with all relevant regulations, including hours of service (HOS) rules, vehicle maintenance requirements, and safety regulations. Non-compliance can result in fines, penalties, or even the suspension of your operating authority. >Invest in Safety: Prioritize safety in all aspects of your operations. This includes regular vehicle inspections, driver training programs, and compliance with safety protocols. Safety is not only essential for regulatory compliance but also for protecting your drivers, cargo, and the public. >Manage Finances Wisely: Develop a solid financial plan and budget for your trucking business. Track expenses, monitor cash flow, and plan for unexpected costs. Proper financial management is crucial for the sustainability and growth of your business. >Build Relationships: Establish strong relationships with customers, suppliers, and other stakeholders in the industry. Networking and building a positive reputation can lead to repeat business and new opportunities. >Utilize Technology: Take advantage of technology to streamline operations and improve efficiency. This may include using electronic logging devices (ELDs) for HOS compliance, route optimization software, and fleet management systems. By taking these steps and staying informed about industry trends and regulations, you can set your trucking business up for success and navigate the challenges of the industry effectively. Let us know if we can help you alen@360safetyconsulting.net

💭 Did you know? You can leverage your fleet's data to lower insurance costs through safer driving and more effective incident management. Discover more strategies for reducing your fleet insurance premiums in our latest blog: https://lnkd.in/egf9haWC #fleetinsurance #fleetmanagement #sustainablemobility #michelin

Telematics is overrated in trucking," says Harish Kapur, CEO of Across America Insurance Services. Instead, Kapur bets on dashcams and strategic partnerships to navigate a challenging trucking insurance market. Discover why claims management and strong relationships are central to their success. https://hubs.la/Q0319qB_0

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗵𝗶𝗿𝗲𝗱 𝗮𝗻𝗱 𝗻𝗼𝗻-𝗼𝘄𝗻𝗲𝗱 𝗮𝘂𝘁𝗼 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲? Hired and non-owned auto coverage is a type of insurance that provides protection for businesses in situations where they or their employees use vehicles not owned by the company for business purposes. This coverage serves as a supplement to a commercial auto insurance policy and can be crucial for businesses that occasionally rent vehicles or have employees who use their personal cars for work-related tasks. To read more click on the link below: https://lnkd.in/e7uSx3Ti

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗵𝗶𝗿𝗲𝗱 𝗮𝗻𝗱 𝗻𝗼𝗻-𝗼𝘄𝗻𝗲𝗱 𝗮𝘂𝘁𝗼 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲? Hired and non-owned auto coverage is a type of insurance that provides protection for businesses in situations where they or their employees use vehicles not owned by the company for business purposes. This coverage serves as a supplement to a commercial auto insurance policy and can be crucial for businesses that occasionally rent vehicles or have employees who use their personal cars for work-related tasks. To read more click on the link below: https://lnkd.in/e7uSx3Ti